Nifty hit resistance line connecting 6111.8-5971.2 or just close to it...
Yesterday we discussed 15 mins/10 mins bewo both has potential negative divergence with sell but today it got vanished and made higher high so nifty has some more room to move up...
So labelling is temporarily avoided in longer frame as up move could be either Y.b.a or Y.b or B...
If in opening bell hrly issues sell then expected route map below:
Today eod some small negative divergence appearing as shown so nifty likely to cool off in the band 5675-5725 and after overlapping will head higher above current high....
What if hrly macd is not issuing sell in first 2 hrs then some more highs are due
...
Yesterday we discussed 15 mins/10 mins bewo both has potential negative divergence with sell but today it got vanished and made higher high so nifty has some more room to move up...
So labelling is temporarily avoided in longer frame as up move could be either Y.b.a or Y.b or B...
If in opening bell hrly issues sell then expected route map below:
Today eod some small negative divergence appearing as shown so nifty likely to cool off in the band 5675-5725 and after overlapping will head higher above current high....
What if hrly macd is not issuing sell in first 2 hrs then some more highs are due
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